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ht3 Question 18 (5 points) The Medford Burkett Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis,
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Question 18 (5 points) The Medford Burkett Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Planes Taxis $450,000 Limos $ ? ? 320,000 380,000 180,000 ? Service revenue $ ? Variable costs 5,000,000 Contribution margin ? Controllable fixed 1,500,000 costs Controllable margin? Average operating 25,000,000 assets Return on 12% investment 70,000 176,000 1,600,000 10% ? Instructions Determine the miccino niecac of information ahova hp VUUUU 1/OUUU 25,000,000 1,600,000 controllable margin Average operating assets Return on investment 12% 10% ? Instructions Determine the missing pieces of information above. Format B 1 U ... > EQ *h Add a File Record Audio Record Video Question 19 (5 points) Lombard, Inc. has two investment centers and has developed the following information: hpStep by Step Solution
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